SIOUX FALLS, S.D., June 1, 2015 (GLOBE NEWSWIRE) -- Raven Industries (Nasdaq:RAVN) has been awarded a firm-fixed price (FFP) contract through the Naval Air Warfare Center Aircraft Division Lakehurst, N.J. for the procurement of Exportable Persistent Ground Surveillance Systems (EPGSS), spare equipment and technical support. The tethered aerostat contract was awarded for approximately $6 million and is expected to be delivered over the next 12 months.
"Raven Aerostar is proud to support past and present efforts protecting and defending U.S. and Coalition forces. Whether it's with our tethered aerostat systems, Vista Radars or stratospheric balloons, we have the unique ability to deliver affordable persistent solutions at any altitude," explains Lon Stroschein, Raven Aerostar Vice President and General Manager.
About Raven Industries, Inc.
Since 1956, Raven Industries has designed and manufactured high-quality, high-value technical products. Raven is publicly traded on NASDAQ (RAVN) and has earned an international reputation for innovation, product quality, high performance, and unmatched service. Raven's purpose is to solve great challenges in areas of safety, feeding the world, energy independence and resource preservation. To realize this purpose, we utilize our strengths in engineering, manufacturing and technological innovation to serve the precision agriculture, high performance specialty films, aerospace and situational awareness markets. Visit www.RavenInd.com for more information.
CONTACT: Shaylee Healy, Director of Investor Relations Raven Industries, Inc. 605-331-0371 Shaylee.Healy@ravenind.comSource:Raven Industries, Inc.